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Post by sla55 on Jan 9, 2017 9:03:16 GMT -5
VALENCIA, Calif., Jan. 09, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) today confirmed that it received $30.6 million from Sanofi on January 6, 2017, representing the balance of the accelerated insulin "put" option previously exercised by MannKind. This payment was made pursuant to a previously disclosed agreement reached with Sanofi on November 9, 2016.
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Post by cgiscgis on Jan 9, 2017 9:03:56 GMT -5
MannKind Receives $30.6 Million From Sanofi VALENCIA, Calif., Jan. 09, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) today confirmed that it received $30.6 million from Sanofi on January 6, 2017, representing the balance of the accelerated insulin "put" option previously exercised by MannKind. This payment was made pursuant to a previously disclosed agreement reached with Sanofi on November 9, 2016. About MannKind Corporation MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. MannKind maintains a website at www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or posts certain other information to the website. Company Contact: Rose Alinaya SVP, Finance 661-775-5300 ralinaya@mannkindcorp.com |
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Post by wildthing on Jan 9, 2017 10:00:02 GMT -5
How much insulin is Mannkind still obligated to buy from Amphastar?
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Post by mnholdem on Jan 9, 2017 10:22:02 GMT -5
How much insulin is Mannkind still obligated to buy from Amphastar?
Source: www.sec.gov/Archives/edgar/data/899460/000119312516764506/d278651d8k.htm
Item 1.01 Entry into a Material Definitive Agreement.
... On November 9, 2016, the Company entered into an amendment (the “Amendment”) to the Supply Agreement (the “Amphastar Agreement”), dated July 31, 2014, by and between the Company and Amphastar Pharmaceuticals, Inc. (“Amphastar”). Pursuant to the Amendment, the term of the Amphastar Agreement was extended from December 1, 2019 to December 31, 2023. In addition, the delivery schedule was modified to provide that Amphastar will ship €2.7 million of insulin to the Company in the fourth quarter of 2017, €8.9 million in 2018, €11.6 million in 2019, €15.5 million in 2020 and in 2021, and €19.4 million in 2022 and in 2023. The Company also granted Amphastar a right of first refusal to participate in the development and commercialization of Afrezza in China through a potential business collaboration.
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Post by patten1962 on Jan 9, 2017 13:33:53 GMT -5
How much insulin is Mannkind still obligated to buy from Amphastar?
Source: www.sec.gov/Archives/edgar/data/899460/000119312516764506/d278651d8k.htm
Item 1.01 Entry into a Material Definitive Agreement.
... On November 9, 2016, the Company entered into an amendment (the “Amendment”) to the Supply Agreement (the “Amphastar Agreement”), dated July 31, 2014, by and between the Company and Amphastar Pharmaceuticals, Inc. (“Amphastar”). Pursuant to the Amendment, the term of the Amphastar Agreement was extended from December 1, 2019 to December 31, 2023. In addition, the delivery schedule was modified to provide that Amphastar will ship €2.7 million of insulin to the Company in the fourth quarter of 2017, €8.9 million in 2018, €11.6 million in 2019, €15.5 million in 2020 and in 2021, and €19.4 million in 2022 and in 2023. The Company also granted Amphastar a right of first refusal to participate in the development and commercialization of Afrezza in China through a potential business collaboration.
I was told by a very reliable source that as soon is sanofi was 100% out of the picture was when MannKind can start looking into an overseas deal. What are your thoughts on this mr. Holden |
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Post by Deleted on Jan 9, 2017 13:45:22 GMT -5
I was told by a very reliable source that as soon is sanofi was 100% out of the picture was when MannKind can start looking into an overseas deal. What are your thoughts on this mr. Holden so called reliable source from Annual shareholders meeting? they could have started looking from Jan 5th as Matt himself said they got calls. No one would object in having discussions all along but some one ( even if that was you) would sign the dotted line only when sanofi is out of the picture right?. |
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Post by kc on Jan 9, 2017 13:48:18 GMT -5
How much insulin is Mannkind still obligated to buy from Amphastar?
Source: www.sec.gov/Archives/edgar/data/899460/000119312516764506/d278651d8k.htm
Item 1.01 Entry into a Material Definitive Agreement.
... On November 9, 2016, the Company entered into an amendment (the “Amendment”) to the Supply Agreement (the “Amphastar Agreement”), dated July 31, 2014, by and between the Company and Amphastar Pharmaceuticals, Inc. (“Amphastar”). Pursuant to the Amendment, the term of the Amphastar Agreement was extended from December 1, 2019 to December 31, 2023. In addition, the delivery schedule was modified to provide that Amphastar will ship €2.7 million of insulin to the Company in the fourth quarter of 2017, €8.9 million in 2018, €11.6 million in 2019, €15.5 million in 2020 and in 2021, and €19.4 million in 2022 and in 2023. The Company also granted Amphastar a right of first refusal to participate in the development and commercialization of Afrezza in China through a potential business collaboration.
If we only knew what the COG was for Afrezza. Screw they Big Pharma Cartel's let MannKind and AMPH create a Insulin behemoth and take them on with Branded Afrezza and Generic Insulin for injection.
www.nytimes.com/2016/02/21/opinion/sunday/break-up-the-insulin-racket.html
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Post by babaoriley on Jan 9, 2017 14:16:35 GMT -5
This is a good thread, the thought of a deal somewhere in the world lucky enough to get this stuff and actually put it to use is exciting, and potentially why the stock isn't in the toilet, relatively speaking. Congrats, sla, you've brought us the best story of the year!  |
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Post by peppy on Jan 9, 2017 14:33:48 GMT -5
This is a good thread, the thought of a deal somewhere in the world lucky enough to get this stuff and actually put it to use is exciting, and potentially why the stock isn't in the toilet, relatively speaking. Congrats, sla, you've brought us the best story of the year! Baba, I disagree. The stock is in the toilet. Every drop of bile flushed from the liver.
This is what the toilet looks like.
relatively speaking.
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Post by babaoriley on Jan 9, 2017 16:07:23 GMT -5
Peppy, for me, the toilet was the beginning of November and .42. We're 50% above that now! And since that time, the crummy script numbers just keep rolling in like the tide. So, something is keeping this stock out of what I consider the toilet.
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Post by goyocafe on Jan 9, 2017 17:25:40 GMT -5
Peppy, for me, the toilet was the beginning of November and .42. We're 50% above that now! And since that time, the crummy script numbers just keep rolling in like the tide. So, something is keeping this stock out of what I consider the toilet. Well, since we're into bathroom metaphors today, I'd say it's hanging on by a thread to the edge of the seat. |
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Post by mnholdem on Jan 9, 2017 18:59:07 GMT -5
Peppy, for me, the toilet was the beginning of November and .42. We're 50% above that now! And since that time, the crummy script numbers just keep rolling in like the tide. So, something is keeping this stock out of what I consider the toilet.  Stay tuned... |
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Post by dreamboatcruise on Jan 9, 2017 19:23:47 GMT -5
Peppy, for me, the toilet was the beginning of November and .42. We're 50% above that now! And since that time, the crummy script numbers just keep rolling in like the tide. So, something is keeping this stock out of what I consider the toilet. Stay tuned... Hey buddy... would you mind grabbing my retirement while you're down there... lol. |
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Post by mnholdem on Jan 9, 2017 19:40:16 GMT -5
No problem. I'll be right back.  |
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Post by careful2invest on Jan 9, 2017 19:44:05 GMT -5
No problem. I'll be right back. I'll give you a 9.99 on the dive...The splash was a little too big for a perfect 10. |
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